Suppose Fiona earns an annual income of $70,000 . If the rate of growth of her income remains constant at 15 percent, she is most likely to earn _____ per year after 2 years
a. $78,987
b. $25,000
c. $10,000
d. $92,575
d
Economics
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A monopolistic competitor finds its profit-maximizing rate of output by
A) equating the marginal revenue from advertising with the marginal revenue from selling the good. B) setting average revenue equal to average total cost. C) equating marginal revenue and marginal cost. D) equating price and marginal revenue.
Economics
Refer to the above table. You are given information on Celine's consumption for 2010 and 2018. Using 2010 as the base year compute the price index for 2018. The index equals
A. 170. B. 58.823. C. 0.17. D. 0.5823.
Economics